Rather than take responsibility for investor losses, Kuvera Global has palmed them off to Westmyn. Westmyn in turn is tied to the recently busted BitClub Network Ponzi scheme. And linking all of this together is Travis Bott.
Investview @ BehindMLM
In our Apex review published yesterday, I asked what would happen if bitcoin mining wasn’t enough to pay affiliates their guaranteed $500 a month ROI. If Apex and all the companies attached to it don’t cover their costs and generate $500 to pay out on each unit, what then? Ironically, a lawsuit filed by a [Continue reading…]
Apex first appeared on BehindMLM’s radar a few months ago, as part of our ongoing Kuvera securities fraud coverage. (Apex) will teach you how to make a passive income. You make a one off investment and get paid every single month for the next five years. That was back in May and since then, Apex [Continue reading…]
MLM cryptocurrency companies and securities fraud practically go hand in hand. It is easily the biggest regulatory threat facing the industry and, for that reason, you’ll see me emphasizing it in a lot of our reviews. Most of the time the companies in question aren’t registered with the SEC and, because of that, I cut the [Continue reading…]
France’s Financial Markets Regulator has issued an investment warning against Kuvera Global.
Last year Kuvera Global was soliciting investment into the Ryze AI trading bot. The company’s broker of choice was Capital City Markets. Almost a year on from the CFTC clamping down on Investview, Kuvera Global’s parent company, affiliate investors still have funds tied up in Capital City Markets.
Investview’s unregistered securities offering is on the rocks, following the announcement Kuvera Global is suspending ROI payments effective immediately.
The CFTC has issued a press-release confirming iMarketsLive and Wealth Generators were ‘illegally offering forex and binary options to retail investors in the United States‘. According to the CFTC, both MLM companies failed to register their respective offering, making the businesses illegal.
We’re a bit late to this one… but back in July United Games Marketing announced it had been fully acquired by Investview. The amount Investview paid for United Games Marketing was not disclosed. The acquisition of UGM, among other things, will give Investview access to “19,000 active paying customers” and a “1.5 million person database”.
At the heart of Kuvera Global’s “we don’t need to register with the SEC” pseudo-compliance, is the claim that their mining services are provided on an individual basis. A Kuvera Global affiliate invests in a graphics card, Kuvera Global set that up and then run it to generate a ROI. We offer Crypto Mining Packages [Continue reading…]